Have you ever seen a small, fast boat change direction quickly in the water? Company agility is somewhat similar, but for a whole business. When the world changes quickly—maybe a new technology comes out, or customers want something different—a company needs to change...
Lean Six Sigma Analytics refers to the systematic integration of the Lean Six Sigma methodology with Business Analytics tools and techniques. This combined approach creates a powerful framework for continuous process improvement. Lean Six Sigma Analytics moves beyond...
Expected Value (E) is defined as the mean or the long-term average of a random variable. Simply put, Expected Value tells you what outcome to expect if you repeat an experiment many times. It is a fundamental concept in both statistics and probability theory. In finer...
Six Sigma for marketing is a powerful method. It helps companies get much better results. Marketers work hard to reach customers. They want their campaigns to make money. But sometimes, campaigns do not work as planned. This problem is called variation. Six Sigma is a...
Lean Six Sigma is a method that uses a specific set of tools to improve business processes. It combines two major ideas. Lean removes waste. Six Sigma reduces defects and variation. This makes processes stable and predictable. In simple words, Lean Six Sigma helps you...